International money transfers are more expensive than meets the eye. Although banks and brokers often claim there are ‘no fees,’ many take as much as 5 percent of the money being sent. TransferWise is the clever new alternative that allows people to transfer money abroad at a lower cost than ever before. It uses technology developed by the people who built Skype and PayPal to remove all the fees the industry have kept hidden for decades. Customers have transferred £3bn using the platform – an approach that has put over £135m back in their pockets.